Languages

Patchwork Barents - Economic crisis

Russia climbs four places in the World Happiness Ranking 2015. Meanwhile, neighboring Nordic countries appear to lose ground.

Spending power among Russians is dramatically reduced as salaries fall and inflation hikes.

The sharp downturn in Russian economy is putting the job market in strain. “The situation is under control”, the country’s minister of employment argues.

Russians are forced to spend more money on basic consumer goods, foodstuffs in particular. Patchwork Barents presents last month’s consumer price figures.

All basic ingredients for a good Russian soup are under a serious price-attack.

Consumer price growth in northern Russian regions reaches its highest level since 2008.